On December 18, 2001 The LTV Corporation advised persons trading LTV common stock that the Corporation believes its shares are worthless.  LTV common stock is posted on the Over-the-Counter Bulletin Board (LTVCQ).  The company does not expect that common shareholders will receive any value through the implementation of the bankruptcy court-approved Asset Protection Plan or through a Plan of Reorganization under Chapter 11 of the U.S. Bankruptcy Code.
     LTV also said that it did not expect sufficient value to be generated by the sale of assets to provide a recovery for common shareholders.
     LTV has requested from the Securities and Exchange Commission relief from financial reporting requirements of Section 13(a) of the Securities Exchange Act of 1934, as related to the Company's intention to cease filing of Annual Reports on Form 10K and Quarterly reports on Form 10Q.  The Company also communicated its desire to terminate the registration of its securities under the Exchange Act.
      On December 7, 2001 the U.S. Bankruptcy Court, Northern District of Ohio, Eastern Division, approved implementation of LTV's Asset Protection Plan (APP).  The APP provided for the cessation of production, hot idling of steelmaking facilities, sale and liquidation of the integrated steel assets.  The APP also approved LTV's plan to sell the assets of LTV Copperweld, its metal fabrication subsidiary.